Investment returns of the University of Minnesota Foundation, Minneapolis, exceeded returns of its policy benchmark in reporting periods ended June 30, an endowment update showed.
The endowment returned 1.6% in the year ended June 30 compared to -4.2% for its benchmark.
Over longer periods ended June 30, annualized net returns of the endowment were 6% for five years (benchmark, 4.2%) and 8.2% for 10 years, (7.3%). Since inception in January 1999, the annualized return was 7.4% (7.8%).
The return was 9.2% in the year ended June 30, 2019, above its benchmark return of 7.4%.